The Political Economy of Subsidy Reforms in MENA: Progress and Challenges
 A discussion with
Daniela Gressani
Deputy Director, Middle East and Central Asia Department
International Monetary Fund

Justin Dargin
Middle East and Energy Scholar
University of Oxford

Malek Kabariti (via Skype)
Former Minister of Energy and Mineral Resources
Hashemite Kingdom of Jordan

Moderated by
Mohsin Khan
Senior Fellow, Rafik Hariri Center for the Middle East
Atlantic Council 

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With widening fiscal deficits and increasing inefficiencies in production and consumption, subsidy reform has become urgent in the Middle East and North Africa (MENA) region as the cost of subsidies has risen in response to greater social demands, causing significant fiscal pressures. In recent years, several countries in the MENA region—mostly oil importers, but also some oil-exporting countries—have begun to reform their subsidy systems to address these fiscal pressures and to ensure sustained economic progress.  

Please join us for a conversation with Daniela Gressani who will present the IMF’s latest assessment of these subsidy reforms as well as lessons from similar experiences in the rest of the world,   including complementary reforms of social safety nets, price-adjustment mechanisms, and energy sector policies. Justin Dargin, an expert on energy issues in the Middle East, will discuss political implications and efficiencies of reducing or removing energy subsidies. Malek Kabariti, former energy minister from Jordan, will outline his views on energy subsidies and the political difficulties in undertaking energy reforms. Mohsin Khan, who focuses on the economics of the Arab transitions, will moderate the discussion. 



DATE: Thursday, July 10, 2014

TIME:  9:00am-10:30am
            A light breakfast will be served. 

LOCATION: Atlantic Council
1030 15th St NW, 12th floor
Washington, DC 20005

Please follow @ACmideast and use #ACenergy to join the conversation.